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Paringa Resources is an oil, gas & consumable fuels business based in Australia. Paringa Resources shares (PNL) are listed on the Australian Securities Exchange (ASX) and all prices are in Australian dollars. Paringa Resources has a market cap (total outstanding shares value) of $1 million. If you're looking to buy shares, check out the steps below.
How to buy shares in Paringa Resources
- Compare share trading platforms. To buy shares listed in Australia, you'll need to sign up to a broker with access to the ASX. Our table can help you choose.
- Open and fund your brokerage account. Complete an application with your personal and financial details, such as your ID and tax file number. Fund your account with a bank transfer, PayPal or debit card.
- Search for Paringa Resources . Find the share by name or ticker symbol: PNL. Research its history to confirm it's a solid investment against your financial goals.
- Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until Paringa Resources reaches your desired price. Look into dollar-cost averaging to spread out your risk, which smooths out buying at consistent intervals and amounts.
- Decide on how many to buy. At today's price, weigh your budget against a diversified portfolio that can minimise risk through the market's ups and downs.
- Check on your investment. Congratulations, you own a part of Paringa Resources . Optimise your portfolio by tracking how your stock and the business performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that affect your stock.
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What's in this guide?
- Paringa Resources key stats
- Compare share trading platforms
- Is Paringa Resources stock a buy or sell?
- Paringa Resources performance over time
- Are Paringa Resources shares over-valued?
- Paringa Resources 's financials
- How volatile are Paringa Resources shares?
- Does Paringa Resources pay a dividend?
- Have Paringa Resources shares ever split?
- Other common questions
Paringa Resources stock price (ASX:PNL)
Use our graph to track the performance of PNL stocks over time.Paringa Resources shares at a glance
Information last updated 2022-05-24.
| 52-week range | $0.041 - $0.82 |
|---|---|
| 50-day moving average | $0.3376 |
| 200-day moving average | $0.1151 |
| Target price | $0.54 |
| PE ratio | 0.0686 |
| Dividend yield | $0 (0%) |
| Earnings per share (TTM) | $0.598 |
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The value of your investments can fall as well as rise and you may get back less than you invested. Past performance is no indication of future results.
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Is it a good time to buy Paringa Resources stock?
The technical analysis gauge below displays real-time ratings for the timeframes you select. However, this is not a recommendation. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.
Paringa Resources price performance over time
Historical closes compared with the last close of A$0.435
| 1 month (2022-05-25) | 0.435 |
|---|---|
| 3 months (2022-03-25) | -46.95% |
| 6 months (2021-12-24) | -46.95% |
| 1 year (2021-06-25) | -46.95% |
|---|---|
| 2 years (2020-06-26) | -46.95% |
| 3 years (2019-06-26) | -76.86% |
| 5 years (2017-06-26) | -94.15% |
Is Paringa Resources under- or over-valued?
Valuing Paringa Resources stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Paringa Resources 's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
Paringa Resources 's P/E ratio
Paringa Resources 's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 0x. In other words, Paringa Resources shares trade at around 0x recent earnings.
That's relatively low compared to, say, the P/E ratio for the ASX over the 12 months to December 2019 (32.14). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.
Paringa Resources 's EBITDA
Paringa Resources 's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $141.4 million (£80 million).
The EBITDA is a measure of a Paringa Resources 's overall financial performance and is widely used to measure a its profitability.
Paringa Resources financials
| Gross profit TTM | $0 |
|---|---|
| Return on assets TTM | -7.21% |
| Return on equity TTM | -708.36% |
| Profit margin | 0% |
| Book value | 0.146 |
| Market capitalisation | $1 million |
TTM: trailing 12 months
Paringa Resources share dividends
We're not expecting Paringa Resources to pay a dividend over the next 12 months.
Have Paringa Resources 's shares ever split?
Paringa Resources 's shares were split on a 1:20 basis on 26 April 2022. So if you had owned 20 shares the day before the split, the next day you would own 1 share. This wouldn't directly have changed the overall worth of your Paringa Resources shares – just the quantity. However, indirectly, the new 1900% higher share price could have impacted the market appetite for Paringa Resources shares which in turn could have impacted Paringa Resources 's share price.
Paringa Resources share price volatility
Over the last 12 months, Paringa Resources 's shares have ranged in value from as little as $0.041 up to $0.82. A popular way to gauge a stock's volatility is its "beta".
Beta measures a share's volatility in relation to the market. The market (AU average) beta is 1, while Paringa Resources 's is 0.0102. This would suggest that Paringa Resources 's shares are less volatile than average (for this exchange).
Paringa Resources overview
GCX Metals Limited focuses on exploring for gold and copper tenements in Australia. It holds 100% interest in exploration tenements in the Onslow gold project covering approximately 115 square kilometers located in the Western Australia. The company was formerly known as Paringa Resources Limited and changed its name to GCX Metals Limited in April 2022. GCX Metals Limited is based in Perth, Australia.
Paringa Resources in the news
Frequently asked questions
Disclaimer: This information should not be interpreted as an endorsement of futures, stocks, ETFs, CFDs, options or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for all investors. Trading CFDs comes with a higher risk of losing money rapidly due to leverage. Past performance is not an indication of future results. Consider your own circumstances, and obtain your own advice, before making any trades.
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